Economic Growth Of Latin America

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INTRODUCTION: Obscured by the enticement of Asia the Latin American market has been overlooked by major Australian companies. Recent studies show Latin America to be much more appealing for Australian companies than predicted. When it comes to marketing dimension, the largest Latin National market segments – Brazil, Chile, Argentina tends to be compelling for Australian trade as Chile and Brazil are major trade partner in Latin America. The Latin America region has witnessed swift adjustment economically and politically in the recent years which accelerated it’s opportunities of trade with Australia. The acceleration in economic growth of Latin America has created demand for diversified products in the region which has further created…show more content…
Usually automated mining consists of two types of technology with the first dealing with the operations and software advancement and second one helps in mining vehicles and equipment with computerized technology by applying robots. The technology is offered in three forms full automation, remote control and teleoperation. Handheld remote control helps in mining bulldozers that operate in risky conditions like underground mining, blast areas and are operated with the use of handheld remote. Teleoperated technology also helps in mining vehicles by a operator but at a safe distance from the mining location with use of positioning software, cameras. Lastly whole automation, providing actual autonomous command of more than one mining vehicle. Robotic technology is used mostly for accelerating, ignition, and brake without the need for operator. EXCHANGE RATE REGIME AND VOLATILITY: The selection of exchange rate regimes has decisive implications on the behaviour of the nominal exchange rate. It is the key macroeconomic parameter that affects the behaviour of relevant nominal and real exchange rates including the balance of payments, inflation rate, employment levels and the GDP rate. It emerges from our analysis is that the Latin American countries have benefited from adopting more flexible exchange rate regimes to manage with global financial volatility. From the 2000s, almost all the major Latin American countries
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